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2020 News Releases

May 1, 2020

RevoluGROUP Canada Inc. to Issue 3.8 Million Incentive Share Options

Vancouver, BC – RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt:IJA2) (the “Company”) announces that incentive share options to purchase up to 3,800,000 common shares of the Company were granted to officers, directors, employees and consultants of the Company, with an exercise price of $0.26 per share. The incentive share options have been granted pursuant to the Company’s 10% rolling stock option plan and, will expire 1 year from the date of grant. Should all of the announced options be exercised in the term, the aggregate amount payable to treasury would be CA$ 988,000.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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